The primary cause of stress, points out James Werner, CEO of Wealth Habit, is finances. With the average employer spending just under 9% of payroll on extended disability absences - most of which are related to stress - Werner believes an increased focus on financial wellness in the workplace has the potential to not only help employees save, but also save their employers "hundreds of thousands, or even billions, of dollars a year."
Wealth Habit works as an online application that automatically tracks established weekly and monthly spending goals to help individuals take control of their finances. There's even a gaming option where users can accumulate points and compete with their co-workers. Werner spoke with EBA about the product, and how brokers and consultants can get involved.
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